David May Motor Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04864214

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		284,901		326,850
Tangible Assets	5		165,260		151,783

			450,161		478,633
CURRENT ASSETS
Stocks	6	16,856		29,563
Debtors	7	173,755		149,844
Cash at bank and in hand		240,534		156,350

		431,145		335,757
Creditors: Amounts Falling Due Within One Year	8	(311,609 )		(270,595 )

NET CURRENT ASSETS (LIABILITIES)			119,536		65,162

TOTAL ASSETS LESS CURRENT LIABILITIES			569,697		543,795

Creditors: Amounts Falling Due After More Than One Year	9		(25,578 )		(138,779 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(39,106 )		(35,596 )

NET ASSETS			505,013		369,420

CAPITAL AND RESERVES
Called up share capital	11		100		2
Profit and Loss Account			504,913		369,418

SHAREHOLDERS' FUNDS			505,013		369,420

Page 1

Page 2

David May Motor Services Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Shelagh May Director	Mrs Kirsty Lavers Director	Mr Michael Lavers Director
26 November 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

David May Motor Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04864214 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the fair value of the consideration received for the provision of motor mechanical and maintenance services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue at the point of completion of the work, as this is when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be

made.

Amortisation:

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class Amortisation method and rate

Goodwill 10% straight line

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance
Motor Vehicles	25% reducing balance

2.5. Leasing and Hire Purchase Contracts

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease

obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

2.6. Stocks and Work in Progress

Work in progress is stated at the lower of costs incurred, and estimated selling price less costs to complete and sell. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired the carrying amount is reduced to its selling price less costs to complete and sell, and the impairment loss is recognised immediately in profit or loss.

Stock is stated at the lower of costs incurred, and estimated selling price, of the various items held for resale. Stock is valued on a first in first out basis.

Page 3

Page 4

David May Motor Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.7. Taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2024: 16)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	419,487

As at 31 August 2025	419,487

Amortisation
As at 1 September 2024	92,637
Provided during the period	41,949

As at 31 August 2025	134,586

Net Book Value
As at 31 August 2025	284,901

As at 1 September 2024	326,850

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 September 2024	149,997	41,817	191,814
Additions	45,264	-	45,264

As at 31 August 2025	195,261	41,817	237,078

Depreciation
As at 1 September 2024	20,510	19,521	40,031
Provided during the period	26,213	5,574	31,787

As at 31 August 2025	46,723	25,095	71,818

Net Book Value
As at 31 August 2025	148,538	16,722	165,260

As at 1 September 2024	129,487	22,296	151,783

Page 4

Page 5

David May Motor Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Stocks

	2025	2024
	£	£
Stock	6,354	6,353
Work in progress	10,502	23,210

	16,856	29,563

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	166,169	149,271
Prepayments and accrued income	7,586	573

	173,755	149,844

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	11,123	9,359
Trade creditors	79,548	64,737
Other creditors	102,717	80,015
Taxation and social security	118,221	116,484

	311,609	270,595

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	25,578	38,779
Other creditors	-	100,000

	25,578	138,779

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	11,123	9,359
Later than one year and not later than five years	25,578	38,779

	36,701	48,138

	36,701	48,138

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	2

Page 5

Page 6

David May Motor Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

12. Other Commitments

Amounts not provided for in the balance sheet

	2025	2024
	£	£
Not later than one year	56,500	56,500
Later than one year and not later than five years	226,000	282,500
Later than five years	724,593	724,593

	1,007,093	1,063,593

Page 6